Weekly Project Updates: SOL Reaches New All-Time High, Magic Eden to Hold TGE on December 10, 10 Trillion BONK Tokens Set for Destruction, etc
1. SOL Hits New All-Time High, Cboe Submits 4 Solana Spot ETF Applications to SEC link Bloomberg ETF analyst James Seyffart shared that Cboe has filed applications with the SEC for four Solana spot ETFs, with issuers being VanEck, 21Shares, Canary Capital, and Bitwise. If the SEC does not reject these applications, the final decision deadline is expected in early August of next year. On Friday, Solana (SOL) surged past $260, setting a new all-time high with a 24-hour increase of 12.11%. The previous record was $259.9, achieved on November 6, 2021, making it 1,100 days since SOL last hit a historical peak. Solana’s Total Value Locked (TVL) has also exceeded $9 billion, marking the highest level since December 2021. The top five protocols by TVL are currently Jito ($3.706 billion), Kamino ($2.441 billion), Raydium ($2.407 billion), Jupiter ($2.373 billion), and Marinade ($2.083 billion). 2. USDS Stablecoin Launches on Solana, Sky Ecosystem Offers Over 500K USDS in Weekly Rewards link The...